DPR Questions Reasons For Askrindo And Jamkrindo To Apply For PMN Funds

Workers count US dollars and rupiah at a money changer in Jakarta. (Photo: ANTARA)

JAKARTA - Member of Commission VI of the DPR RI, Rudi Hartono Bangun, questioned the reasons for Askrindo and Jamkrindo as holding partners of the Indonesia Financial Group (IFG) or PT Bahana Pembinaan Usaha Indonesia (BPUI) who applied for State Equity Participation (PMN).

Because, according to him, Askrindo and Jamkrindo currently appear to have good financial conditions in their companies.

“Askrindo and Jamkrindo are companies that I see as good, because in that area the average starting from People's Business Credit (KUR) to work in the APBD uses the services of Askrindo and Jamkrindo. Regional projects throughout Indonesia, on average, use these two insurance products and are profitable because the project is completed in 3-4 months, there is no risk, just guarantees," said Rudi, quoted on Friday, June 17.

If the benefits of PMN can be felt by the community at large, according to Rudi, the proposal is still appropriate.

He also questioned this because if in the future these two institutions experience budget cuts from the Ministry of Finance, they have strong arguments. Especially if it has a direct impact on society.

"I just want to ask the opinion of Jamkrindo, Askrindo, how much is this healthy (finance)? What is the state dividend for? How much tax, PPh, VAT for the state? So when later you reduce your share with the Ministry of Finance, can you say 'we give state taxes, ma'am, do you have to ask the people to ignore it?' that could be the reason, sir," he said.

It is known, PT BPUI or IFG applied for investment support through PMN of Rp 6 trillion to strengthen the capital structure of its subsidiaries, Askrindo and Jamkrindo.

IFG President Director Robertus Billitea said the capital injection would be used to maintain the gearing ratio for productive businesses in accordance with the provisions of the Financial Services Authority (OJK) until 2026.